PSMD vs. ENFR
PSMD (Pacer Swan SOS Moderate (December) ETF) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - PSMD is a Defined Outcome fund actively managed by Pacer, while ENFR is a Infrastructure Equities fund tracking the Alerian Midstream Energy Select Index. PSMD is actively managed, while ENFR is passively managed. Over the past 5 years, PSMD returned 9.34%/yr vs 21.52%/yr for ENFR. Their 0.38 correlation means their historical movements had little consistent relationship. PSMD charges 0.75%/yr vs 0.35%/yr for ENFR.
Performance
PSMD vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, PSMD achieves a 7.44% return, which is significantly lower than ENFR's 25.09% return.
PSMD
- 1D
- 0.05%
- 1M
- 1.32%
- 6M
- 6.90%
- YTD
- 7.44%
- 1Y
- 13.65%
- 3Y*
- 12.42%
- 5Y*
- 9.34%
- 10Y*
- —
- ALL TIME*
- 9.85%
ENFR
- 1D
- -1.28%
- 1M
- 1.56%
- 6M
- 14.82%
- YTD
- 25.09%
- 1Y
- 25.93%
- 3Y*
- 26.02%
- 5Y*
- 21.52%
- 10Y*
- 11.52%
- ALL TIME*
- 8.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.57M | $4.08M | $3.12M | |
| $12.62K | $12.44K | $36.49K |
PSMD vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSMD Pacer Swan SOS Moderate (December) ETF | 7.44% | 11.45% | 12.78% | 17.46% | -4.47% | 11.23% | 0.55% |
ENFR Alerian Energy Infrastructure ETF | 25.09% | 5.88% | 42.17% | 15.63% | 17.48% | 39.97% | -0.95% |
Correlation
The correlation between PSMD and ENFR is -0.16, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020 | 0.38 |
The correlation between PSMD and ENFR shifts across timeframes, from -0.16 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSMD vs. ENFR — Risk / Return Rank
PSMD
ENFR
PSMD vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (December) ETF (PSMD) and Alerian Energy Infrastructure ETF (ENFR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PSMD | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.29 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.01 | +0.09 |
| Martin ratioReturn relative to average drawdown | 16.06 | 7.35 | +8.71 |
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Drawdowns
PSMD vs. ENFR - Drawdown Comparison
The maximum PSMD drawdown since its inception was -11.96%, smaller than the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for PSMD and ENFR.
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Drawdown Indicators
| PSMD | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -68.28% | +56.32% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -8.64% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -15.58% | +4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -11.96% | -20.29% | +8.33% |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.98% | +4.98% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -15.82% | +14.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 3.54% | -2.69% |
Volatility
PSMD vs. ENFR - Volatility Comparison
The current volatility for Pacer Swan SOS Moderate (December) ETF (PSMD) is 1.54%, while Alerian Energy Infrastructure ETF (ENFR) has a volatility of 4.95%. This indicates that PSMD experiences smaller price fluctuations and is considered to be less risky than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSMD | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.54% | 4.95% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.86% | 12.16% | -7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 15.29% | -9.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.66% | 19.19% | -10.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 24.65% | -16.24% |
PSMD vs. ENFR - Expense Ratio Comparison
PSMD has a 0.75% expense ratio, which is higher than ENFR's 0.35% expense ratio.
Dividends
PSMD vs. ENFR - Dividend Comparison
PSMD has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 4.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 4.01% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
PSMD Pacer Swan SOS Moderate (December) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSMD and ENFR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENFR has higher volatility (4.95%) compared to PSMD (1.54%). In terms of maximum drawdown, PSMD dropped -11.96% vs ENFR's -68.28%.
On 5-year performance, ENFR leads with 21.52% vs 9.34% for PSMD. On fees, ENFR is cheaper at 0.35% per year. On volatility, PSMD has been the lower-risk option at 1.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ENFR has performed better with a 21.52% return vs 9.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ENFR is cheaper with a 0.35% expense ratio, compared with 0.75% for PSMD.
ENFR has the higher dividend yield at 4.01%, compared with 0.00% for PSMD.
PSMD is categorized as Defined Outcome, while ENFR is Infrastructure Equities. They also come from different issuers: Pacer and SS&C. Their fees differ too: 0.75% for PSMD and 0.35% for ENFR.
PSMD currently has the higher Sharpe Ratio (2.38 vs 1.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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